What is occupancy type in SAP RE - Real Estate Management?

SAP Term: occupancy type

• Component: RE

• Component Name: Real Estate Management

• Description: Characteristics of the occupancy of a rental unit or lease-out. Occupancy types include: Vacant rental unit Own usage lease-out with a cost center in one's own organization Third-party usage lease-out with an external user

Smart SAP Assistant

• Key Concepts: 
  Occupancy type is a feature of SAP Real Estate Management (RE-FX) that allows users to define and manage different types of occupancy agreements. It enables users to define the terms of an occupancy agreement, such as the duration, rent, and other conditions. It also allows users to track the status of an occupancy agreement and manage the associated documents. 
  
  How to use it: 
  To use occupancy type in SAP RE-FX, users must first create an occupancy type in the system. This can be done by entering the relevant details such as the duration, rent, and other conditions. Once the occupancy type is created, it can be used to create occupancy agreements for tenants. The occupancy agreement will contain all the details specified in the occupancy type. 
  
  Tips & Tricks: 
  When creating an occupancy type, it is important to ensure that all relevant details are included. This will ensure that all necessary information is captured when creating an occupancy agreement. Additionally, it is important to keep track of any changes made to an occupancy type as this will affect any existing or future occupancy agreements. 
  
  Related Information: 
  For more information on how to use occupancy type in SAP RE-FX, please refer to the official SAP documentation. Additionally, there are several online tutorials available that provide step-by-step instructions on how to use this feature.